PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Security 202

Security Bitcoin Capital Analytics 202

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. Bigger Banks And The Problems With Data Security.

Technology 142

Technology Fraud Data Security 142

PYMNTS

MARCH 11, 2019

bank, is kicking off a test in which customers can use biometric fingerprint technology for card payments. NatWest said the technology is aimed at increasing security and making it easier for customers to pay for items. The new card being tested has the fingerprint data and sensor built in. NatWest , the U.K.

Cards 123

Cards Payments Technology Security 123

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Cards 98

Cards US Data Fraud 98

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Partnering With Established Players.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

SEPTEMBER 25, 2017

The moves, said the companies in the Monday announcement, will help drive an increase in sales at various types of events, utilizing Eventbrite’s user interface and Braintree’s payments platform. The wristbands, through RFID technology, let users tap and pay, using the same information leveraged to buy tickets.

Payments 115

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PYMNTS

JULY 28, 2020

The debate about cloud technology’s place in the banking industry has moved beyond whether such platforms can safely transfer and store sensitive financial information. Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs.

Technology 140

Technology Innovation ATM Security 140

PYMNTS

JANUARY 9, 2018

Dynamics, a unit of telecommunications firms SoftBank and Sprint, announced what it is calling the first battery-powered payment card on Monday (Jan. T he offering, dubbed Wallet Card, was unveiled during the annual Consumer Electronics Show (CES) technology conference.

Cards 110

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PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too.

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Data Fraud Missouri Report 341

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

Cards 130

Cards Capital Fintech Tools 130

Abrigo

JANUARY 18, 2017

In addition to developing engagements related to monitoring, predicting and managing cash flow , however, accountants and other business advisors can create new revenue streams by helping business clients learn about and leverage technology that can improve cash flow and the overall performance of the business.

Technology 150

Technology Cards Software Payments 150

South State Correspondent

MAY 13, 2024

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.” More states require greater disclosure and control over what banks and card processors can charge.

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Conference Payments Fraud Data 195

PYMNTS

JANUARY 14, 2020

As reported last year, the major networks – including American Express, Visa, Mastercard and Discover – said they would implement the EMV Secure Remote Commerce standard, with click-to-pay technology, with wide availability beginning in 2020. Click-to-pay is interoperable with the EMVCo tokenization and the 3-D Secure specifications.

New York 170

New York Security Cards Retail 170

PYMNTS

FEBRUARY 25, 2019

Coverage includes Hong Kong-based Tappy Technologies ‘ collaboration with the Timex Group. Tappy Technologies, a solution provider for wearables and digital payments based in Hong Kong, is teaming up with Timex Group, the companies said in an announcement.

Technology 122

Technology Payments Groups Fintech 122

PYMNTS

NOVEMBER 4, 2019

Modern AR tools can alleviate those administrative burdens while providing faster, more secure collections procedures. This month’s Deep Dive examines the pros and cons of digitized AR approaches as well as the role that technologies such as AI can play in minimizing B2B pains. . Virtual Terminals and AI .

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Technology Tools Software Data 101

PYMNTS

MAY 10, 2018

Payments security is an increasingly critical component for businesses on both sides of a B2B transaction today. WEX’s Payments Pulse Data report published last year found payment security to be suppliers’ No. Both of these reports confirmed that for businesses, security trumps speed when it comes to payments.

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PYMNTS

OCTOBER 22, 2020

As has historically been the case with commerce security upgrades that roll in by government mandate, the path to European Union adoption of 3D Secure 2.0 That] keeps them from getting in trouble with the card brands, and obviously avoids the significant costs that come along with fighting, investigating and resolving chargebacks.

Fraud 221

Fraud Online Security Cards 221

PYMNTS

MAY 4, 2016

Bluefin Payment Systems, which offers point-to-point encryption (P2PE) solutions to several industries, including retail and health care, said on Tuesday (May 3) that it will also add the Visa Data Secure Platform (DSP) to its portfolio, through its Decryption-as-a-Service P2PE Solution.

Security 100

Security Data Fraud Meeting 100

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

Cards 109

Cards Fraud Regional Training 109

PYMNTS

MAY 13, 2020

Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors. The Click To Pay Transition.

Security 250

Security Cards Payments Data 250

PYMNTS

FEBRUARY 6, 2019

Consumers aren’t cashing out as often, as they are moving those funds into digital wallets and spending them directly off debit cards, because it is more immediately and easily spendable that way. A bank in Singapore, for example, that wants to start issuing cards will be waiting for about nine months to finish that project.

Cards 189

Cards Retail Payments Marketing 189

PYMNTS

MARCH 26, 2020

As Davis noted, larger banks, including regional players, tend to have their own technology platforms — and direct integrations into their own networks — to enable mobile and contactless payments. The modernization aspect could be, ‘how do I get my card to all of the digital commerce platforms and stored on file?’” Davis told PYMNTS.

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Community Community Bank Mobile Cards 247

PYMNTS

FEBRUARY 2, 2017

And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. More companies today consider email and message encryption as a crucial part of their security efforts than they did in 2015, the report found.

Fraud 100

Fraud Security Payments Survey 100

PYMNTS

APRIL 13, 2020

That’s the nature of these events. The business model isn’t completely figured out, or the technology to support it isn’t there, or people aren’t ready socially. We even created the ability to use chip cards in a USB-attached chip reader to form-fill and send EMV-like payment information to merchants across the internet.

Innovation 258

Innovation Online Guidelines Cards 258

PYMNTS

JULY 23, 2018

This one may be familiar: Wide receiver and cryptographer walk into a bar and … set the data security landscape on its ear. Neal himself had been hacked while in college and became interested in data security and technology. Keep the key untouchable, then the end result is enhanced security across any number of avenues.

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Dallas Security Data Company 134

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. ML: As executive vice president and CIO, I am responsible for the technology and security solutions we provide and how they are positioned in the marketplace.

Innovation 108

Innovation Security Payments Mobile 108

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” Software does flag some transactions that seem out of place, but technology is often behind crooks who are getting more sophisticated at making their charges look legitimate.” Emphases added.).

Fraud 98

Fraud Cards Analytics Mobile 98

NCR

JULY 17, 2017

One area that must not be overlooked is the impact of non-financial events and activities on a fraud prevention strategy. Fraudsters take advantage of new technology. Fraud does not happen in a vacuum – there will often be something that takes place before the actual transaction that can give an indication of what is to come.

Fraud 89

Fraud ATM Mobile System 89

PYMNTS

JANUARY 29, 2019

Visa will continue to serve as the NFL’s official payment services technology partner, and as part of the deal Visa cardholders will get special benefits. Visa will be the preferred payment method across all NFL events, including for games, concessions and merchandise shops. Visa helps fans make every second count,” Visa said.

National 180

National Payments Security Cards 180

Perficient

JULY 11, 2022

One could consider it the “layaway of the digital age,” except unlike with layaway, the consumer does not have to pay in full before taking their purchase home, using the service, obtaining the tickets to an event or destination, etc., which is a huge draw to using BNPL as a non-cash payment method.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

NOVEMBER 14, 2019

Three billion credit and debit cards. Visa’s cybersecurity team, as Chief Information Security Officer Sunil Seshadri told Karen Webster, also logs as many as 8 billion security events every day — that’s billion with a “b.” Malware has become more advanced and adept at evading traditional technologies.

Security 210

Security Operations Data Strategy 210

PYMNTS

SEPTEMBER 24, 2018

As such, businesses are now investing in their security and fraud prevention technology and solutions. PYMNTS explores the world of cybercrime in this inaugural Digital Fraud Tracker , including how fraudsters target their victims and the ways security providers are working to stop them. . How Cybercrime Happens.

Fraud 195

Fraud Security Analytics Data 195

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Virtual events.

Industry 101

Industry Technology Online Video 101

PYMNTS

DECEMBER 5, 2018

In one recent move, for example, financial technology provider Payscape partnered with CardFlight to bring the latter’s SwipeSimple mPOS solution to more merchants. SwipeSimple offers mPOS capabilities via card reader, paired with an iOS or Android app. Meanwhile, Cyclebit and Dspread Technology forged a new alliance of their own.

cryptocurrency 149

cryptocurrency Retail Cards Mobile 149

PYMNTS

DECEMBER 6, 2018

WVWA runs fundraising events like races, beer gardens, and maple sugaring tours to support its mission, she told PYMNTS in a recent interview. The group often turns to an mPOS app and card-swipe solution during these events, enabling it to meet customers’ changing expectations, sign new members up and quickly and securely take payments. “If

Payments 109

Payments Cards Pennsylvania Security 109

PYMNTS

NOVEMBER 4, 2019

Discover has announced it will start issuing contactless cards over the next several months. The goal of this digital technology is to make payments fast, easy and secure, and give cardmembers more choices in how they pay.”. “The The cards will begin rolling out to Discover cardmembers who need cards reissued or replaced.

Cards 101

Cards ATM Technology Payments 101

Independent Banker

FEBRUARY 24, 2016

Security fears about online banking may be impairing your community bank’s ability to grow demand deposit accounts. Nearly two-thirds of those who do not use mobile banking cite concerns about security issues such as data interception, phone hacking, or a lost or stolen phone. Many aren’t aware of simple security practices.

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Security Community Bank Community Chicago 70